Commodity updates and Recommendations for 06 Dec 2016

cropped-commodities.jpgSharp fall in Gold, in domestic market Gold, slipped below Rs 28000 . while Silver is  under pressure. INR is showing slight recovery against US dollar. OPEC has done record production of crude oil in November.  due to this the pressure increased on price. Natural Gas under selling pressure. Base metals fell, at MCX Copper slipped 0.6%, Nickel fell 0.2%, Aluminium slipped 0.5%, Lead is trading with the weakness of 0.75% and Zinc decline 0.6%.

Commodity Recommendations

MCX Gold Sell with target 27880. MCX Silver Sell with target 40900.  MCX Crude Oil Sell at 3525. MCX Lead Buy at 155.25.

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